The cash obtained can be used to diversify your investments or reinvest in renovations that increase rental yields and property value.Selling the Property:This option might make sense if the local market is peaking or if you anticipate a downturn.

I do not anticipate the purchase price to be higher than 80,000 USD.

NY times did an expose on insurance company losses that should make you worry. https://www.nytimes.com/interactive/2024/05/13/climate/home-...

My last interaction with an agent was he was supposed to call us Monday at 10:00 a.m. about a property that was in the half million dollar range so a nice tidy sum for basically going and opening a door. 

Anticipation of these cuts has already reduced mortgage rates to their lowest in nearly 20 months.

Major repairs and/or replacement should be anticipated - this could be in 20 years or 6 months, remaining life is indeterminable.

Properties within driving distance offer several advantages:Hands-on management: You can personally handle issues like maintenance, repairs, and tenant interactions, which is invaluable when you're learning the ins and outs of rental management.Cost efficiency: Without needing to rely on a property manager from the start, you’ll save on fees.Faster response time: Being local means you're close enough to address emergencies or inspect the property as needed.Starting with a nearby property often leads to a smoother learning experience.

Obviously, a complete and well built website with interactive components and quality information that’s constantly update and optimized for particular keywords to show up on the first page of search engines (including YouTube) will bring in the MOST valuable leads.  

Lower Property Values: Properties subject to rent control often have lower resale values, as potential buyers may anticipate limited cash flow growth.

Interact as little as possible.